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183 Central AVE London East, ON N6A 1M6
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision East F
MLS Listing ID X12788296
Annual Tax Amount $42,634
Tax Year 2025
Property Sub-Type Investment
Property Description
Situated in the heart of Downtown London, 183 Central Ave is a freestanding three-unit commercial building offering exceptional flexibility and long-term potential. Located just steps from Richmond Row and within walking distance to Victoria Park, the property benefits from strong exposure, walkability, and immediate access to the city's core amenities. The building comprises approximately 6,665 square feet and is currently fully occupied by a long-term educational tenant occupying all three units. Each unit operates independently with separate HVAC systems, individual utility monitoring, and distinct servicing - providing straightforward flexibility for future reconfiguration or multi-tenant use. Fiber optic connectivity is installed throughout the building, making it well suited for professional, educational, technology, or creative users. On-site parking further enhances the practicality of the property in the prime downtown location. The property carries multiple zones designations, including residential permissions. Preliminary due diligence has been undertaken to explore potential conversion to residential rental units or student housing, subject to municipal approvals. Given its central location and proximity to key downtown institutions and Victoria Park, the site presents strong repositioning potential. The current tenant is in discussion to confirm a lease extension and has expressed openness to potentially reducing its footprint over time. This provides optionality - maintain full occupancy, reposition portions of the building, or pursue longer-term redevelopment strategies.
Location
Province ON
County Middlesex
Area Middlesex
Zoning OC7 R3
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 48.0
Lot Depth 153.0
Others
Security Features No
ParcelsYN No
Listed by CBRE LIMITED
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145 Wharncliffe Rd S, London, ON, N6J 2K4, CAN
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